Investors will have a variety of potentially market-moving events to contemplate this week, with corporate earnings season ramping up and a Federal Reserve monetary policy decision on April 27-28 is the fomc meetings. May 19 I think it will be a turning date for the stock market, it is also coincides with multiple indicators showing a strong selling bigger than 10%.
The same indicators showed the other selling too, however we don't know if this selling is going to be more than 10%. I would advise investors to remain cautious over the month of May as unexpected news may correct the market all of a sudden. The unveil of Chinese digital currency , that hopes could challenge dollar dominance, Beijing has already distributed millions of yuan in pilot projects across major cities, and has offered users discounts for using the new currency. "We can't sit here and assume that because America is today the leader that it will always get to be the leader if we don't innovate."-M.Zuckerberg
This market is eagerly waiting to fill all those gaps below ,as the old saying goes.. gaps are unfinished business.
The projected charting pattern coincides also with no selling, little volume, and a market top. If you come to be right and we finally get back to reality, there’s a ton of money to be made. Yet, always smart to ride the wave as you can. I’m about to get smacked by Biden’s tax increase if I continue trading UVXY options. Always a bear on a decaying fund until there’s a technical, short term top that can spike volatility. Even if only for an hour. But I do agree that we will have a major correction soon, we just need that catalyst.
lieven_mestdagh
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@Time_Oracle I am not convinced that a Chinese digital currency will challenge dollar